Microfinance and Financial Inclusion

Since 2000, the BSP has played a key role in increasing access to financial services to the entrepreneurial poor by mainstreaming microfinance in the banking sector. In 2007, the BSP embraced the more ambitious goal of financial inclusion as a way of bringing the financial system closer to all Filipinos, especially to the financially underserved and unserved. The overall vision is to build an inclusive financial system where there is effective access to a wide range of appropriate financial products and services.

The Philippines is known for having one of the best regulatory frameworks for microfinance, and as a global leader in terms of having a conducive environment for financial inclusion.